Huge Tax Windfall As Fuel Prices Soar

Daily MailOctober 20, 2007

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Summary


FUEL prices hit a record high yesterday as it emerged the Government is collecting a tax windfall of Pounds 240million a month from the surging cost of oil.

The bonus means the Treasury could cut fuel duty by 6p a litre without affecting its economic forecasts.

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Extract


Huge Tax Windfall As Fuel Prices Soar

The disclosure came as the AA revealed the national average price of diesel has broken the Pounds 1 a litre barrier. Petrol pr...

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